MACC Macromac

TIDMMACC

RNS Number : 0422X

Macromac PLC

25 August 2015

25 August 2015

Macromac plc

("Macromac", the "Company" or the "Group")

Trading statement

The Board of Macromac (AIM:MACC), the AIM quoted company principally engaged in the business of mobile messaging services and software solutions, provides a trading update for the six months ended 30 June 2015 ahead of the release of the Group's interim results, to be released by the end of September 2015.

Revenue is expected to be in line with the Board's expectations and it is expected to be an improvement on the RM12.9m revenue generated in the first half of 2014. However the Company expects to report a net loss for the six months ended 30 June 2015 compared to a net profit of RM4.3m for the six months ended 30 June 2014. The loss incurred is as a result of the Group's increased marketing spend in both Malaysia and Thailand, in efforts to build up its Malaysia and Thailand based subsidiaries.

The Board anticipates that the Company will achieve an improved performance in the second half of 2015 but as a result of the loss in the first half of 2015, expects to record a loss for the full year ending 31 December 2015.

Based on unaudited management accounts the Company's cash position as at 30 June 2015 was RM6.2m (30 June 2014: RM3.6m), equivalent to GBP0.93m, with net current assets of RM25.5m as at 30 June 2015 (30 June 2014: RM25.9m), equivalent to GBP3.8m.

Further to the Company's announcement on 11 March 2015, the Company has now completed the disposal of a warehouse at No 16, Jalan Serendah 26/39, i-Parc2, Section 26, 40400 Shah Alam, Selangor Darul Ehsan for a consideration of RM4.15 million. This disposal is consistent with the Company's intention to further streamline its operations and reduce the Group's borrowings.

For further information please visit www.macromacgroup.com or contact:

Macromac PLC +603 7784 9488

Michael Lew, Chief Executive Officer

Andrew Khoo, Chief Operating Officer

Allenby Capital Limited (Nominated Adviser and Broker) +44 (0)20 3328 5656

Nick Athanas

James Reeve

Leander (Financial PR) +44 (0)7795 168 157

Christian Taylor-Wilkinson

*all GBP equivalent calculations are based on an illustrative Ringgit/GBP exchange rate of 0.1496 as at 25 August 2015.

About Macromac

Macromac is a group of companies headquartered in Malaysia comprising two divisions. The Company aims to deliver mobile content and web-based marketing solutions to its customers across South East Asia. Through its proprietary MMP, the Company provides Premium and Bulk Mobile Messaging solutions for corporate and advertising campaigns, allowing its clients to better reach their customers by delivering targeted mobile messaging. The Company also develops project-based customised software solutions for its SME clients.

This information is provided by RNS

The company news service from the London Stock Exchange

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